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today we'll get more data on the economic front on the trade deficit and wholesale trade. the dow losing 42 points to 13,944. looks to be down for the week. nasdaq slipped to 3165. the irs is cracking down on criminals who use stolen identities to seek thousands of dollars in tax refunds. the agency says a january sweep of 32 states and puerto rico found nearly 400 identity theft suspects including more than 100 that were arrested. the number of investigations tripled last year centering on high-risk cities such as san francisco, l.a., new york and miami. the irs says it is investigating in-house filters that were what helped prevent $20 billion in would-be fraudulent tax refunds last year. big problem these days. big problem for health care. some people use your number to go get health care and then you're stuck with the bill. you have to be very careful about your data. back to you. >> big problem and big dollars. 20 billion in fraud. we'll keep our eye on that one. thank you very much. >>> keeping an eye on the forecast. our cold and wet weather to the start of the week
today we'll get more data on the economic front on the trade deficit and wholesale trade. the dow losing 42 points to 13,944. looks to be down for the week. nasdaq slipped to 3165. the irs is cracking down on criminals who use stolen identities to seek thousands of dollars in tax refunds. the agency says a january sweep of 32 states and puerto rico found nearly 400 identity theft suspects including more than 100 that were arrested. the number of investigations tripled last year centering on...
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Feb 8, 2013
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we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for california dems and california businesses to do what they want to do with them. and so you've got to take both of those into account. and i think that one of my concerns is, if we simply say deficits are not a problem, everything is better, what we are ignoring is that other dimension because in reality what happens, the policymakers are making to decisions. wonders whether they're deciding about deficits or surpluses. they're deciding are going to borrow from our state's future income. but when a decision on the size of governmen
we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for...
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Feb 8, 2013
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our deficit is a big problem. >> what about our taxation system? when i pick up my bible, you know he what i see? i see the fairest individual in the universe, god, and he's given us a system. it's called time. >> well, he didn't stop there because carson is the head of neurosurgery at johns hopkins. listen to his take on obama care. >> he's my solution. when the person is born, give them a birth certificate, an electronic card and a health savings account. when you die, you can pass it on to your family members so that when you're 85 years old and you've got six diseases you're not trying to spend up everything. you're happy to pass it on and there's nobody talking about death panels. >> well, rush limbaugh said republicans could learn a thing or two from the good doctor. >> he sets out a position based on our principles of individual responsibility and free market that is a logical solution that makes total sense to everybody who hears it. >> this man said it while obama's sitting there. this is the kind of thing the republican party should have
our deficit is a big problem. >> what about our taxation system? when i pick up my bible, you know he what i see? i see the fairest individual in the universe, god, and he's given us a system. it's called time. >> well, he didn't stop there because carson is the head of neurosurgery at johns hopkins. listen to his take on obama care. >> he's my solution. when the person is born, give them a birth certificate, an electronic card and a health savings account. when you die, you...
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Feb 8, 2013
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. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
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Feb 8, 2013
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you've got to address the larger deficit issue, and to address the larger deficit issue -- and my own experience. i've participated in every budget summit we have indiana past -- we have had in past years. you have to develop a balanced package. that's the nature of dealing with the size deficits you've got. and my preference, frankly, is that the congress would do the big deal, get it done, get this behind us, detrigger sequester, stop this constant uncertainty. this month-to-month situation where we don't know what the hell we're going to get. that should end. in the absence of that deal, obviously i'll support whatever package you can put together to try to detrigger sequester. whatever you can do to make sure this doesn't happen. i mean, i cannot imagine that people would stand by and deliberately hurt this country in terms of our national defense by letting this take place. >> i'll only add briefly that most of the things we're doing are reversible. that is our goal, they would be reversible, but even if you reverse them it will take some time -- and i can't predict that yet -- w
you've got to address the larger deficit issue, and to address the larger deficit issue -- and my own experience. i've participated in every budget summit we have indiana past -- we have had in past years. you have to develop a balanced package. that's the nature of dealing with the size deficits you've got. and my preference, frankly, is that the congress would do the big deal, get it done, get this behind us, detrigger sequester, stop this constant uncertainty. this month-to-month situation...
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Feb 8, 2013
02/13
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trade deficit sank nearly 21% in december to $38.5 billion. that is the biggest drop in four years. analysts expected it to drop but not by that much. >>> the wall street journal reports u.s. airways and american airlines could announce a merger as early as tuesday. some are scheduled to meet on monday and the boards could meet later that same day. analysts say both airlines would benefit since they have few over lapping roots. >>> time now 5:52. court arguments over a bay area suicide. how first responders are defending themselves. >>> a new day a new tattoo for 49er star quarterback colin kaepernick. what he says the design represents. >>> a few showers around. partly cloudy and a cool breezy day. highs in the low 50s. >>> a judge may decide today if a family of a drowning man can sue the city of alameda. this incident happened memorial day 2011. it made nation-wide news. raymond zach died on a beach in alameda as rescuers watched him on shore. they could not help the man because they were not certified in water rescues. they call it a tragic situation but they.edu not have the le
trade deficit sank nearly 21% in december to $38.5 billion. that is the biggest drop in four years. analysts expected it to drop but not by that much. >>> the wall street journal reports u.s. airways and american airlines could announce a merger as early as tuesday. some are scheduled to meet on monday and the boards could meet later that same day. analysts say both airlines would benefit since they have few over lapping roots. >>> time now 5:52. court arguments over a bay...
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. >> the spending, especially the deficit, that needs to be under control. >> you really believe that? >> i have my concerns but i do believe we have a president that is at the helm of this nation and will steer it in the right direction. >> is it cold in here. >> not to me. >> temperature is -- >> why are you wearing a pink shirt. >> i'm trying to fit in here. it's flesh colored. >> i don't want to get naked in front of another man. >> a lot of spending and a lot of debt. are you concerned about that? >> i think that. [crickets chirping] >> um. >> i don't have a lot of money to begin with you about i did vote for obama. >> we're down right now as a country. we will come back. >> we need to get back to we the people. less government. >> we are doomed, doomed, doomed the next four years. >> i don't know if it's really record spending. i'm not really sure about that >> is there anything about the president that concerns you? >> i think he is trying to bring the country into the right direction. >> i'm a little concerned about the gun control issue. everybody in florida wants their guns.
. >> the spending, especially the deficit, that needs to be under control. >> you really believe that? >> i have my concerns but i do believe we have a president that is at the helm of this nation and will steer it in the right direction. >> is it cold in here. >> not to me. >> temperature is -- >> why are you wearing a pink shirt. >> i'm trying to fit in here. it's flesh colored. >> i don't want to get naked in front of another man....
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Feb 8, 2013
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. >>> and new into the newsroom this morning, america's trade deficit with china fell quite a bit suggesting strong american manufacturing. that's good news but it doesn't jive with latest gdp numbers. economists will have to figure this one out. discouraging gdp numbers could be wrong. >>> the president met with house democrats on thursday to give them a preview of the state of the union. he'll be giving that next week including calls for green energy and immigrants here hope he'll push for reform in immigration. we've talked about this. skilled workers who struggle to get visas to stay in america despite the fact they are building companies. this is an italian who can't get a visa but he hopes he can find another way to stay. >> enabling any entrepreneur from all over the world to come to this country and maybe give them six to nine months, probably a year, just to prove their concept and see if at the end of the year they have, let's say, high 1%, they're good to go. >> he'll be my guest on "press: here" after "meet the press" this sunday. >> thank you very much. >>> time now 6:17. christ
. >>> and new into the newsroom this morning, america's trade deficit with china fell quite a bit suggesting strong american manufacturing. that's good news but it doesn't jive with latest gdp numbers. economists will have to figure this one out. discouraging gdp numbers could be wrong. >>> the president met with house democrats on thursday to give them a preview of the state of the union. he'll be giving that next week including calls for green energy and immigrants here hope...
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Feb 8, 2013
02/13
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i believe the american people understand that, yes, we need to reduce the deficit, but it shouldn't just be on the backs of seniors. it shouldn't just be on the backs of young people. >> professor, do republicans not realize that they are protecting the interests of massive oil companies and their profits and potentially throwing the poor into abject poverty? >> if they look at the data and look at the facts, i would say they would absolutely have to acknowledge that. you know, this is kind of a tricky situation, right, because the sequester was never meant to be put into policy. it was meant to sort of threaten politicians to make policy that could be more efficient and a little bit more balanced. a lot of people criticizing this president would not working on behalf of the poor or defending the poor. when you look at the draconian cuts you just listed at the beginning of the segment, those things all attack and undermine the economic and food security of poor people in this country. what's interesting about this whole sequester piece though is that the kind of cuts that we actually nee
i believe the american people understand that, yes, we need to reduce the deficit, but it shouldn't just be on the backs of seniors. it shouldn't just be on the backs of young people. >> professor, do republicans not realize that they are protecting the interests of massive oil companies and their profits and potentially throwing the poor into abject poverty? >> if they look at the data and look at the facts, i would say they would absolutely have to acknowledge that. you know, this...
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this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay firt etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how we were going to deal with longer term solution that is required to us deal with revenues and mandatory spending and i ask your understanding as we pass the budget control act. and at the we were analyzing a recommendation that came out of a presidential commission known as the boles simpson commission. that commission said we had to reduce the deficit by $4 trillion or $5 trillion to have sustainable growth in our country. take a minute and look at the progress that we've made since that last visit. simpson bowles which was generally recognized as a balance add proach, a bipartisan approac
this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay firt etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending...
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Feb 8, 2013
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you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid. it is not a prerequisite to do that to be director of c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan. governor christie exhibits the same kind of responses and has a pretty high approval rating. so we will go forward with taking you at your word. we will have the kind of relationship where we can have a blunt, straight forward, fully disclosed working relationship. i think it is critical for us to provide oversight, the ability for us to have the right kind of agencies so we know where each other is and move forward together in terms of what needs to be done to provide intelligence to that needs to be done to protect the american people. i wanted to say that. i want to follo
you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid. it is not a prerequisite to do that to be director of c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan....
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Feb 8, 2013
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you go from the fiscal cliff to the deficit debate to sequestration. that is inherently disruptive to business investment. certainty is a good multiplier. we are these long cycle businesses that have global competition. i do not have the lecture he to say that i will quit investing for six months until this is reserved. -- resolved. i will keep going. the people who can hurt the worst by all of this are the small and medium businesses. the people that have no buffer. that get confused. these are the people that are the heart of the u.s. economy. they are the ones that are constantly being bombarded as we go from one to another. this can only be solved here. this is one of the few cases where the business roundtable of people speak with one voice. it would be great to get a resolution. >> there is a divide in the corporate side on the corporate tax front. large companies would benefit more from corporate tax reform, especially going to a territorial system, then smaller formirirms. it may be hard to convince americans that the president and congress sho
you go from the fiscal cliff to the deficit debate to sequestration. that is inherently disruptive to business investment. certainty is a good multiplier. we are these long cycle businesses that have global competition. i do not have the lecture he to say that i will quit investing for six months until this is reserved. -- resolved. i will keep going. the people who can hurt the worst by all of this are the small and medium businesses. the people that have no buffer. that get confused. these...
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Feb 8, 2013
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. >> the fact is, though, we can't finish the job of deficit reduction through spending cuts alone. we can't. >> yes, we can. yes, we can. >> god bless you and god bless the united states of america. >> that's what i'm talking about right there. >> a little something light hearted for you this morning. "early start" continues right now. >>> new developments in the all-out man hunt for a suspected cop killer right now. police blanketing a ski resort. >>> monster blizzard. boston and new york right in the path of this thing. thousands of flights already canceled. good morning. it is friday. welcome to "early start." so much going on. >> i love all your energy. great to have you. >> it's going to be a big weekend. shoveling snow. that's what berman is probably doing. >> boston is really getting hit hard. i'm zoraida sambolin. friday, february 8th. up first, we are bracing for that big one. right now millions of people from maine to new jersey are waiting for a blizzard that could actually rewrite the history books, folks. take a look at the radar of this storm right now. forecasters ar
. >> the fact is, though, we can't finish the job of deficit reduction through spending cuts alone. we can't. >> yes, we can. yes, we can. >> god bless you and god bless the united states of america. >> that's what i'm talking about right there. >> a little something light hearted for you this morning. "early start" continues right now. >>> new developments in the all-out man hunt for a suspected cop killer right now. police blanketing a ski...
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as i mentioned, job security and growing the economy, getting the deficit down. the country is still heading to an unsustainable debt situation. the cost of college, the cost of health care. those basic bread and butter issues that the government starts tackling those, i think these conspiracy theories will have a lot less traction. >> brian: you believe the middle is the place to get the country back, don't you? >> there is no question about it. right now the process is dominated by the two extremes. i think it's only when what i would call the radical middle, people are fed up and say, look, we just want practical solutions, when they stand up and start holding our elected officials accountable, then perhaps it will start work a little better once again. >> brian: all right. senator, always great to see you. have a great weekend and road luck shoveling -- good luck shoveling. >> take care. >> brian: back in a couple of minutes. maybe three [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liqu
as i mentioned, job security and growing the economy, getting the deficit down. the country is still heading to an unsustainable debt situation. the cost of college, the cost of health care. those basic bread and butter issues that the government starts tackling those, i think these conspiracy theories will have a lot less traction. >> brian: you believe the middle is the place to get the country back, don't you? >> there is no question about it. right now the process is dominated...
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de caracter mental , se hablara de los fondos necersariosa para los servicois esytatales , debudo al déficit fiscal santiago lucero noticias univisión , tras el incidente , las autoridades , un perno se desprendio de una placa de las vías y se atoro de u8na de las r+anu+ras , los dosmoperadores con una mordedura , los senadfores por california nquieren mejnorar la calidad , , y bárbara le pidieron al secretario de transporte , más estrictas para asacar de las carreteras , la rtepsuesta cuandoi a un autobús , le fallaron loos frenos , y se estrello con dos autos , nos vamos a una pausa , y al regreso , se acábaron las épocas de 3 dolares por galon de gasoli8na al regresar , le diremosa como conseguir los mejnores precios una niña de 9 años , podría , poner en duda todo , le contamos que podrían incluir en telacion de trabajdores tremporales , al regresar de la paísa erl sistema , con lluvia y nieve los detalles prónostico para el fin de semana al volver . >>> (♪ ♪) . >>> (♪ ♪) . p . >>> el caso de la niña, de 9 años , así como al padrastro de la niña liego que familia
de caracter mental , se hablara de los fondos necersariosa para los servicois esytatales , debudo al déficit fiscal santiago lucero noticias univisión , tras el incidente , las autoridades , un perno se desprendio de una placa de las vías y se atoro de u8na de las r+anu+ras , los dosmoperadores con una mordedura , los senadfores por california nquieren mejnorar la calidad , , y bárbara le pidieron al secretario de transporte , más estrictas para asacar de las carreteras , la rtepsuesta...
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Feb 8, 2013
02/13
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KPIX
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here's your rainfall deficit for the year. we're down nearly half a foot of rain in san francisco, almost three inches in san jose and livermore. we do have this low pressure area. it's working its way down the california coastline right now. snow in the mountains, scattered showers for us. slight chance of a thunderstorm right at the coastline. but once this guy is gone, the rain chance is gone until likely after valentine's day. it will be with us till about lunchtime tomorrow. heading off to work, might want to leave five or ten minutes early, because the rain will likely slow things down. high pressure stays off to our west, giving us a northerly flow, a cold flow but a dry flow. after tomorrow, we will be mainly dry for a while. how much rain tonight? some of you may get half an inch of rain, maybe a little less than that for san francisco. but it's certainly not a deficit buster when it comes to rain. slight chance of a thunderstorm tonight, especially at the coast. the weekend will be sunny and cold. lows near freezing
here's your rainfall deficit for the year. we're down nearly half a foot of rain in san francisco, almost three inches in san jose and livermore. we do have this low pressure area. it's working its way down the california coastline right now. snow in the mountains, scattered showers for us. slight chance of a thunderstorm right at the coastline. but once this guy is gone, the rain chance is gone until likely after valentine's day. it will be with us till about lunchtime tomorrow. heading off to...
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Feb 8, 2013
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what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the analysis out there, democrats feel that they can win this argument over these cuts and that it's likely we're going to hear from the president words like corporate jets, big oil in the state of the union positioning the every day working people against those against who says he not paying their fair share. >> i think there was an interesting speech this week earlier from eric cantor, the house majority leader. i think people want to hear about more than just the deficit numbers but really concrete measures that are going to be enacted to make their lives better and what people are
what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the...
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trade deficit dropping 21% in december for $38.6 billion. that's the lowest level in nearly three years. helped out by a rise in imports thanks in particular to a big jump in oil production here in the united states. lowest level of oil production since february 1997 social networker linked in reported its earnings after the closing bell topping expectations revenue up 80% to over $300 million. linkedin stock is taking off this morning at 17% after the opening bell. linkedin has done much better than social media companies out there. numbers up on the trade data. dow up 43. close to 14,000 again. nasdaq up 23. s&p up by 6. back to you. >> thank you, jason brooks. >>> the lone star state makes a pitch for workers in california and we are counting down to the opening of the new east span of the bay bridge and kpix 5 political insider phil matier with former mayor willie brown joins us now on this friday. mayor brown we kick it off with you. what took so long? will the bridge open on time? [ laughter ] >> what you caught him on, frank, is what
trade deficit dropping 21% in december for $38.6 billion. that's the lowest level in nearly three years. helped out by a rise in imports thanks in particular to a big jump in oil production here in the united states. lowest level of oil production since february 1997 social networker linked in reported its earnings after the closing bell topping expectations revenue up 80% to over $300 million. linkedin stock is taking off this morning at 17% after the opening bell. linkedin has done much...
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Feb 8, 2013
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america's trade deficit with china felt by quite a bit suggesting strong american manufacturing and exports. now it's good news, but it doesn't gibe with the latest gdp numbers we have showing that the american economy has contracted. so economists are going to have to go back and figure this one out. those discouraging gdp numbers could very well be wrong. >>> a decent day on the markets. it's been a peculiar week this week, a lot of up and a lot of down. linkdn doing well after blowout yesterday. >>> and the power company that provided electricity to the louisiana superdome said it figured out what caused the power outage during the super bowl. it wasn't hackers, beyonce, it was just a bad relay. sometimes the explanation turns out to be a bit routine. a thing-ga-ma-doo quit working. >> fun to think that beyonce blew out all the lightsp. >> scott mcgrew talking about a thing-ga-ma-doo. >> technical term. >>> a live look. beautiful clear skies more or less here over san francisco. this is the clearest it's been all day. so mostly sunny here. let's show you san jose now. oh, yeah, we're sti
america's trade deficit with china felt by quite a bit suggesting strong american manufacturing and exports. now it's good news, but it doesn't gibe with the latest gdp numbers we have showing that the american economy has contracted. so economists are going to have to go back and figure this one out. those discouraging gdp numbers could very well be wrong. >>> a decent day on the markets. it's been a peculiar week this week, a lot of up and a lot of down. linkdn doing well after...
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we've been running deficits for years. the deficit has narrowed. china had excellent numbers as well. the bottom line is this, our fourth-quarter gdp, it was negative 0.1%. because of the positive trade data, it's going to be revised likely positive. we'll have positive fourth-quarter gdp. that's a plus for the stock market overall. we moved up today on the trade data news. sectors, it's 3 to 2 advancing -- maybe a little bit better. hmo stocks, very strong. molina had strong numbers. but the key story is all about these trade wars and currency wars as well. did you see what happened yesterday? we've got draghi versus japan. this is a big, big international battle right now. draghi talked down the euro. the euro had been strong against the yen and of course today the japanese finance minister came out and said, we're sorry, maybe the yen's gone a little too far. now he's got to go to the g-20 meeting in the next few days and explain why the yen has weakened so dramatically and hopefully people will be too angry with them. many people like the auto
we've been running deficits for years. the deficit has narrowed. china had excellent numbers as well. the bottom line is this, our fourth-quarter gdp, it was negative 0.1%. because of the positive trade data, it's going to be revised likely positive. we'll have positive fourth-quarter gdp. that's a plus for the stock market overall. we moved up today on the trade data news. sectors, it's 3 to 2 advancing -- maybe a little bit better. hmo stocks, very strong. molina had strong numbers. but the...
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alienating the tea party people because he's been so consistent on other things the tea party cares about, deficit and other things. i don't think he does. i think they give him a pass on this because he is hispanic and he would go along and be in strong shape for 2016. >> the man who wrote the article said marco rubio has been able to walk the line or bridge the gap between traditional republicans or establishment and the tea party and then he's been able to do that because i like the line, he said that he speaks conservative as a first language. >> that's absolutely true. i do slightly disagree with what bob said, that's the reason why they're going to give him a pass is because he's hispanic. i don't think so. i think to your point, it's because he's incredibly persuasive and able to finally bring people together. if you listen to him go around and do those talk radio interviews with some of his most ardent critics last week, i mean, not just talk radio, but people on the very far right, they have come his way. he's very persuasive. i thing i love is he's not persuasive about the dumb stuff. he
alienating the tea party people because he's been so consistent on other things the tea party cares about, deficit and other things. i don't think he does. i think they give him a pass on this because he is hispanic and he would go along and be in strong shape for 2016. >> the man who wrote the article said marco rubio has been able to walk the line or bridge the gap between traditional republicans or establishment and the tea party and then he's been able to do that because i like the...
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Feb 8, 2013
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. >> spending and deficit needs to be under control. >> i have my concerns but... i do believe we have a person at the helm of the nation. let's steer it in the right direction. >> is it getting cold in here? >> not to me. >> what do you think the temperature is? >> one. >> why are you wearing a pink shirt? >> it's flesh colored. i don't like to get naked in front of another man. >> a lot of spending and a lot of debt. are you concerned about that? >> i think that... um... i zront a lot of money to begin with. but i did vote for obama. >> we're down right now as a country. >> we need to get back to we the people. less government. >> we're doomed, doomed. >> i don't know if it's really records r record spending. i'm not really sure about that. >> is there anything about the president that concerns you?. >> that he's trying to bring the country into the right direction. >> i'm concerned about gun control issue. everybody in florida wants their guns. >> i think he's doing a fair job considering what he had to come into. >> we wish him the best. >> he had four years, g
. >> spending and deficit needs to be under control. >> i have my concerns but... i do believe we have a person at the helm of the nation. let's steer it in the right direction. >> is it getting cold in here? >> not to me. >> what do you think the temperature is? >> one. >> why are you wearing a pink shirt? >> it's flesh colored. i don't like to get naked in front of another man. >> a lot of spending and a lot of debt. are you concerned...
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Feb 8, 2013
02/13
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today we'll get data on the trade deficit and wholesale trade. the dow losing 42 points to 1 13,944. nasdaq slipping another three to 3165. scott, we're all bracing for snow and likely going to be very light trading volume between wall street and up in boston all of those mutual funds. a lot of folks putting in shorter days. >> i would imagine so. have a safe weekend. thank you much. >>> the president met with house democrats on thursday to give them a preview of the state of the union address and he's going to give that next week and that speech will include new calls for green energy. that's good for silicon valley. and many immigrants here hope he'll push for immigration reform. we talkeded about this in the past. skilled workers who need visas to stay and don't get them despite the fact they are building companies. they can't get a visa but hopes to stay another way. >> we need any entrepreneur from all over the world to come to this country and maybe give them six to nine months, probably a year, just to prove the concept and see if at the e
today we'll get data on the trade deficit and wholesale trade. the dow losing 42 points to 1 13,944. nasdaq slipping another three to 3165. scott, we're all bracing for snow and likely going to be very light trading volume between wall street and up in boston all of those mutual funds. a lot of folks putting in shorter days. >> i would imagine so. have a safe weekend. thank you much. >>> the president met with house democrats on thursday to give them a preview of the state of the...
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Feb 8, 2013
02/13
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let's look at the deficit because right now in san francisco, we are way below normal as far as the statistics are concerned. we are nearly 5.5" below normal and san jose nearly 3." the same story in san jose. what needs to be done? more rain. we have six more weeks of winter weather here in the bay area before spring. doesn't look like we'll see a major weather pattern change. it all needs to be seen. we'll stay on top of it with mobile weather right here on the embarcadero, roberta gonzales reporting for kpix 5. >> thank you. you can track the rain anytime with our live high-def doppler radar. that's on our cbssf.com/weather website. >>> tonight we know the name of the woman killed in this crash in east oakland. police say 24-year-old car linda faust mccandless was driving a stolen car when she crashed into another car on foothill boulevard monday. she died at the scene. the other driver had minor injuries. >>> in san jose fire investigators are trying to figure out the source of this house fire. the flames torched the home on mckendry street by dana avenue early this morning. no one was hur
let's look at the deficit because right now in san francisco, we are way below normal as far as the statistics are concerned. we are nearly 5.5" below normal and san jose nearly 3." the same story in san jose. what needs to be done? more rain. we have six more weeks of winter weather here in the bay area before spring. doesn't look like we'll see a major weather pattern change. it all needs to be seen. we'll stay on top of it with mobile weather right here on the embarcadero, roberta...
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Feb 8, 2013
02/13
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CNBC
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we're expecting, you know, 8 billion wider deficit, and 46. and last month, had the most subtle revisions, we'll just call it a push. so you know, i'm going to have to ponder this. we know that there's a lot of foreign exchange going on in the world. most of it right now isn't free market driven, it's central bank printing driven. thinking this through, of course, is going to have big possibilities for strategic trades down the road. especially if the offshoot of what's going on potentially between europe, japan, maybe to a lesser extent china, is going to boost the value of the dollar. is that something that's going to help or hurt? how important is this number? all that, of course, will be defined by the market at some point. yields are a bit lower today. as a matter of fact on thecoms, one week ago today, friday, pretty much the high close going back to april for most maturities. for the ten year 202 closing yield. we're 18 basis points higher on the year. back to you. >> hey, rick, this is a big deal for that fourth quarter gdp growth. >>
we're expecting, you know, 8 billion wider deficit, and 46. and last month, had the most subtle revisions, we'll just call it a push. so you know, i'm going to have to ponder this. we know that there's a lot of foreign exchange going on in the world. most of it right now isn't free market driven, it's central bank printing driven. thinking this through, of course, is going to have big possibilities for strategic trades down the road. especially if the offshoot of what's going on potentially...
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Feb 8, 2013
02/13
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this after a report showed the united states trade deficit narrowed sharply in december. stocks are also boosted by strong earnings reports. the dow up 62. the nasdaq is up 26. >>> the united states justice department is considering a lawsuit against moody's for defrauding investors. it's sources say the government could wait until that has worked its way through the courts before taking action against moody. both services accused of inflating the ratings of some mortgage bonds to drive business leading to the subprime meltdown. >> will -- the gains are look for another sweep. pam cook is in studio now with what goes on outside the ballpark. >> reporter: that's right. the giants are asking you to join the team in another big sweep. >> the giants have won it all. playing off the sweep in the world serious they are teaming up with public works to clean up the streets of san francisco. san francisco has been voted one of the dirtiest cities in the country and if you have been there recently or live there you know there is a lot of trash on the streets. the mayor is revealing
this after a report showed the united states trade deficit narrowed sharply in december. stocks are also boosted by strong earnings reports. the dow up 62. the nasdaq is up 26. >>> the united states justice department is considering a lawsuit against moody's for defrauding investors. it's sources say the government could wait until that has worked its way through the courts before taking action against moody. both services accused of inflating the ratings of some mortgage bonds to...
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Feb 8, 2013
02/13
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MSNBC
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he sold them a bill of goods and what they got back was medicare part d a ballooning deficit, and a financial crisis that devastated the country, a failed war, a war in iraq that was ill-advised to put it mildly, and now the cuckoo's nest who he cultivated as the ground troops, they think they're in charge and they're not going to listen to him saying they're not. >> what was the big thing with karl rove? did he start a war to celebrate the tax cut or have a tax cut to celebrate the war. i mean, he put it all together. i forgot to mention the prescription drug thing thrown in without financing it. >> right, right, right. and, you know, he did do a great job, you know, mobilizing and energizing the right wing base to get behind george w. bush, and then he and others did a great job in the last few years under barack obama of energizing them by demonizing barack obama and pushing them to the fringe. and now he comes along and says, wait a second, you've gone too far. this monster that i have helped to create has gone too far and i'm picking up the pitchfork and i got my fire, my torches, and i'
he sold them a bill of goods and what they got back was medicare part d a ballooning deficit, and a financial crisis that devastated the country, a failed war, a war in iraq that was ill-advised to put it mildly, and now the cuckoo's nest who he cultivated as the ground troops, they think they're in charge and they're not going to listen to him saying they're not. >> what was the big thing with karl rove? did he start a war to celebrate the tax cut or have a tax cut to celebrate the war....
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trade deficit unexpectedly narrowed in december. according to the commerce department, the trade gap fell on the drop of oil imports and hire exports. 16% say they are late at least once a week. the most common excuse is traffic. that is the latest from the fox business network. giving you the power to prosper. ♪ [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. your financial advis should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who thinlike you do. face time and think time make a difference. at edward jones, it's how we me sense of investing. dagen: talk about a recovery. the number of homes sold for $5 million or more hitting a record number in california last year. that is where we find robert gray. in the hollywood hills above los angeles with real estate agent, well, extraordinaire. tell him i am looking at t
trade deficit unexpectedly narrowed in december. according to the commerce department, the trade gap fell on the drop of oil imports and hire exports. 16% say they are late at least once a week. the most common excuse is traffic. that is the latest from the fox business network. giving you the power to prosper. ♪ [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law...
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trade deficit unexpectedly narrowed in december on a drop in oil imports and higher exports. according to the commerce department the trade gap fell 21%. that is the smallest gap in almost three years. >>> because of stronger than expected trade report goldman sachs is boosting its fourth quarter gdp forecast. goldman did leave the estimate unchanged saying that stronger december trade is offset by weaker than expected wholesale inventories. that's the latest from the fox business, giving you the power to prosper melissa: so earlier lori rothman got a chance to speak so the ceo of citi mortgage. here she is. >> 30-year mortgage rates hovering at a four-month high, around 3 1/2% but mortgage applications continue to rise. so is this a sign that rates bottomed? no one better to ask than my next guest. he is the ceo of citi mortgage. sanjay, we're so thrilled to have you back. welcome. >> thank you. >> so interest rates rising, still at historic lows you were quick to point out to me earlier but even those couple of points can translate to thousands extra dollars added to the pu
trade deficit unexpectedly narrowed in december on a drop in oil imports and higher exports. according to the commerce department the trade gap fell 21%. that is the smallest gap in almost three years. >>> because of stronger than expected trade report goldman sachs is boosting its fourth quarter gdp forecast. goldman did leave the estimate unchanged saying that stronger december trade is offset by weaker than expected wholesale inventories. that's the latest from the fox business,...
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Feb 8, 2013
02/13
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FOXNEWS
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. >> it means we're going to talk about, yes, deficits and taxes and is sequesters and potl government shutdown, but all from the perspective of how are we making sure that somebody who works hard in this country, a cop or a teacher or a construction worker, or a receptionist, that they can make it if they work hard? and that their kids can make it? >> what's the message there to you, chris. >> he wants to be a transformative president in the second term and move from the center right idea that says cutting and less government is better ffr the economy to one that says that the government can plan, organize, direct economic activity and take tax revenues and borrowed money to stimulate and help out these middle class people, but it doesn't sync up with what people are thinking now so the president has a big sales job ahead of him and to your point, you and janice were talking about, if you've already been hit by one storm, the recession that followed the panic of 2008 and if you're waiting for the next storm to hit land, my goodness, not receptive to the idea of the government borrowin
. >> it means we're going to talk about, yes, deficits and taxes and is sequesters and potl government shutdown, but all from the perspective of how are we making sure that somebody who works hard in this country, a cop or a teacher or a construction worker, or a receptionist, that they can make it if they work hard? and that their kids can make it? >> what's the message there to you, chris. >> he wants to be a transformative president in the second term and move from the...
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Feb 8, 2013
02/13
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CSPAN2
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i call it the trust deficit. it's a little bit like the fiscal deficit, the deficit of another kind but equally corrosive when people of a sudden conclude the system doesn't work and they no longer believe in participating and engaging in the system. the system is only as good as those are willing to participate and engage so i think those are the two biggest threats on the horizon. we can read and use the system with a sense of enthusiasm and direction and energy. i have no doubt about that. and it all has to do with the amount of progress we expect out of congress and whether or not we are smart enough to put this problem solving coalition together which can achieve results. then beyond that, if we can enhance the believe devotee of congress through simple things like reorienting the schedule so as joe said more time is wasting traveling to and from your district and actually sitting in washington touring the work of the people coming and if we can do simple things like no budget, no pay if you can't create a b
i call it the trust deficit. it's a little bit like the fiscal deficit, the deficit of another kind but equally corrosive when people of a sudden conclude the system doesn't work and they no longer believe in participating and engaging in the system. the system is only as good as those are willing to participate and engage so i think those are the two biggest threats on the horizon. we can read and use the system with a sense of enthusiasm and direction and energy. i have no doubt about that....
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Feb 8, 2013
02/13
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WBAL
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. >> reporter: the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. >>> a tragic story. new details on the death of a new york city mom murdered in turkey. >> she was supposed to come back and she didn't. >> they must have luck on their side. ste stephen and terri weaver were on a weekend getaway and returned with two lottery tickets. are you kidding me? >> couldn't believe we won twice. couldn't believe we had won as much as we did. >> jesse, will you come out? >> a gentleman never kisses and tells. >> pucker up. all right. >> loser pays up. boy, is al roker paying right now. >> here's what's happening in your neck of the -- your neck of the woods. >> l.a. reid, the music mogul and jennifer hudson. >> katharine mcphee is inside our studio warm and toasty. >> you remember her, tiffani thiess thiessen, of "saved from the bell." >> john harbaugh is with us from new orleans. >> we were watching your show in the room. you guys do a great job. we love your show. >> yes, there are men on trampolines
. >> reporter: the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. >>> a tragic story. new details on the death of a new york city mom murdered in turkey. >> she was supposed to come back and she didn't. >> they must have luck on their side. ste stephen and terri weaver were on a weekend getaway and returned with two lottery tickets. are you kidding me? >> couldn't...
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Feb 8, 2013
02/13
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CSPAN2
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but, you know, our -- the deficit is a big problem. think about it. [applause] our national debt $16.5 trillion, you think that's not a lot of money? i'll tell you what, count one number per second. you can't even do. once you get to $1,000 it takes you locker than a second. one number per second. do you know how long it would take to $16 trillion. 507 million years to get there. here is the parable, a family follows -- falls on hard time. dad loses the job or gets demoted and has five children. he comes to the five children and says we have to reduce your allowance. they're not happy about it. but he said, except for john and susan. they're special. they goat keep their allowance. we may give them more. how do you think that's going to go down? not too well. the same thing happens. enough said. what about our taxation system? so complex there's no one who can possibly comply to every. i want to get you for you, i can get you on a tax issue. that doesn't make any sense. what we need to do is come up with something that is simple. and when i pick up my
but, you know, our -- the deficit is a big problem. think about it. [applause] our national debt $16.5 trillion, you think that's not a lot of money? i'll tell you what, count one number per second. you can't even do. once you get to $1,000 it takes you locker than a second. one number per second. do you know how long it would take to $16 trillion. 507 million years to get there. here is the parable, a family follows -- falls on hard time. dad loses the job or gets demoted and has five...